Conflict of Interest

Conflict of interest

The PSB spends over $100 Million every year. There are endless opportunities for collusion. When asked for a copy of their conflict of interest policy, PSB management replied "there is no conflict of interest." All transparent and accountable organizations have a conflict of interest policy. The PSB does not.

According to the American Institute of Certified Public Accountants
"Many not-for-profit organizations include definitions of independence, ethics, and integrity in their policies and procedures. Others require that the board, staff, or both sign annual Statements of Independence or Conflict of Interest. It is recommended that senior management define, communicate, and exhibit these qualities to set a high standard throughout the organization. A sample conflict of interest policy for a not-for-profit organization is provided as a part of this tool."

1)http://www.aicpa.org/audcommctr/toolkitsnpo/Independence_and_Related_Topics.htm